Uploaded August 2021 | Updated September 2026, 1 week ago
When you are planning to build a startup in the extraction industry, understanding your finances inside and out is essential. Mapping out the plans for your business in terms of your uniqueness in the industry and capitalizing on those specialties can mean a financially successful operation before you even hit the ground, but without a financial model to guide you along the way, you can get lost very quickly.
This is why building a financial model is vital in terms of building your startup and appealing to potential investors as you grow your business. In this episode of extrakTALKS, Dr. Jon discusses how to create a financial model in the extraction industry. This episode goes into detail about the basic elements of building a business plan, creating an investor pitch presentation, determining what makes you unique in the industry and capitalizing on it and much more. Listen in to understand the real benefits of creating a business plan and using it to be more successful as you build your business.
To learn more, visit our website: extraktlab.com
DOWNLOADS////
EOS:unitedscience.outgrow.us/company-eos-download
BUISNESS PLAN: unitedscience.outgrow.us/business-plan-template-download
FINANCIAL MODEL: unitedscience.outgrow.us/financial-model-example-download
We have tons of useful information in our No Holds Barred playlist youtube.com/playlist?list=PLQX9clbTgskpmjbiHCtAY9Y_zti3hvrtH
Are you stuck in your business, need a solution? Schedule a free jam Session to get you the solution you need:
extraktlab.com/jamsession
Visit our blog for other important resources at extraktlab.com/blogDownload our Distillation Guide to learn the ins and outs of all things distillation:
extraktlab.com/wiped-film-distillation-guide
Watch as Dr. Jon gives a Live Tour of 5 Ton/Day Processing Facility:
extraktlab.com/live-tour
Here is a link to a FREE Advanced guide to extraction:
extraktlab.com/advanced-extraction-guide
Have a recommendation for a future Q+A?
Leave a suggestion in a comment below!
Timestamps:
[00:00] - Introduction to Financial Model
[01:50] - Free resources
[04:30] - Three Uniques about your company
[05:46] - Basic Elements to a business plan
[06:59] - Steps To Create A Financial Model
[08:35] - Select the products to produce
[09:42] - Create Unit Demand For each of those products
[11:40] - Set Price for each unit
[14:24] - Estimate Cost of Goods
[14:50] - Estimate Headcount
[15:26] - Estimate Sales & General Administration expenses (SGA)
[16:04] - Example of Financial Model
[22:00] - Headcount Plan
[23:20] - SGA Expenses
[25:30] - EBITDA
[29:06] - Capital Equipment Plan
[30:32] - Balance Sheet
[32:50] - How long to receive payment
[35:23] - Cash Flow Statement
[38:07] - Charts to show investors
[40:20] - Dr. Jon's Writing Formula
[43:55] - Use a proven outline
[45:52] - Online vs Retail Channel
[48:00] - The true benefit of the business plan
Social handles:
Instagram: instagram.com/extrakt_lab
Twitter: twitter.com/ExtraktLAB
Facebook: facebook.com/extraktlab
LinkedIn: linkedin.com/company/extraktlab
YouTube: youtube.com/c/ExtraktLAB
Thanks for watching our How to create a financial model video. If you have any suggestions or recommendations for future videos leave a comment down below! startup school
#startup #extraktlab
When you are planning to build a startup in the extraction industry, understanding your finances inside and out is essential. Mapping out the plans for your business in terms of your uniqueness in the industry and capitalizing on those specialties can mean a financially successful operation before you even hit the ground, but without a financial model to guide you along the way, you can get lost very quickly.
This is why building a financial model is vital in terms of building your startup and appealing to potential investors as you grow your business. In this episode of extrakTALKS, Dr. Jon discusses how to create a financial model in the extraction industry. This episode goes into detail about the basic elements of building a business plan, creating an investor pitch presentation, determining what makes you unique in the industry and capitalizing on it and much more. Listen in to understand the real benefits of creating a business plan and using it to be more successful as you build your business.
To learn more, visit our website: extraktlab.com
DOWNLOADS////
EOS:unitedscience.outgrow.us/company-eos-download
BUISNESS PLAN: unitedscience.outgrow.us/business-plan-template-download
FINANCIAL MODEL: unitedscience.outgrow.us/financial-model-example-download
We have tons of useful information in our No Holds Barred playlist youtube.com/playlist?list=PLQX9clbTgskpmjbiHCtAY9Y_zti3hvrtH
Are you stuck in your business, need a solution? Schedule a free jam Session to get you the solution you need:
extraktlab.com/jamsession
Visit our blog for other important resources at extraktlab.com/blogDownload our Distillation Guide to learn the ins and outs of all things distillation:
extraktlab.com/wiped-film-distillation-guide
Watch as Dr. Jon gives a Live Tour of 5 Ton/Day Processing Facility:
extraktlab.com/live-tour
Here is a link to a FREE Advanced guide to extraction:
extraktlab.com/advanced-extraction-guide
Have a recommendation for a future Q+A?
Leave a suggestion in a comment below!
Timestamps:
[00:00] - Introduction to Financial Model
[01:50] - Free resources
[04:30] - Three Uniques about your company
[05:46] - Basic Elements to a business plan
[06:59] - Steps To Create A Financial Model
[08:35] - Select the products to produce
[09:42] - Create Unit Demand For each of those products
[11:40] - Set Price for each unit
[14:24] - Estimate Cost of Goods
[14:50] - Estimate Headcount
[15:26] - Estimate Sales & General Administration expenses (SGA)
[16:04] - Example of Financial Model
[22:00] - Headcount Plan
[23:20] - SGA Expenses
[25:30] - EBITDA
[29:06] - Capital Equipment Plan
[30:32] - Balance Sheet
[32:50] - How long to receive payment
[35:23] - Cash Flow Statement
[38:07] - Charts to show investors
[40:20] - Dr. Jon's Writing Formula
[43:55] - Use a proven outline
[45:52] - Online vs Retail Channel
[48:00] - The true benefit of the business plan
Social handles:
Instagram: instagram.com/extrakt_lab
Twitter: twitter.com/ExtraktLAB
Facebook: facebook.com/extraktlab
LinkedIn: linkedin.com/company/extraktlab
YouTube: youtube.com/c/ExtraktLAB
Thanks for watching our How to create a financial model video. If you have any suggestions or recommendations for future videos leave a comment down below! startup school
#startup #extraktlab
